Bush Tax Cuts for the Wealthy, Part iv
- Some "Facts":
- The 226,000 Americans with an Adjusted Gross Income of over $1,000,000 would get an average tax cut of almost $90,000 from the Bush growth package alone --- while the middle 20% of the population would get a tax cut of only $256.
(Urban-Brookings Tax Policy Center). - One half of the tax cuts derived from the Administration's proposal to eliminate the tax on dividends and reduce capital gains would go to the top 1% of taxpayers-three fourths to the top 5%.
(Citizens for Tax Justice) - 31% of the nation's taxpayers would get no benefit from the Bush Tax Cuts and almost half (48%) would receive less than $100 in tax cuts. (Citizens for Tax Justice). Under the Bush proposal to cut dividend taxes, Bill Gates will receive $38 million per year in dividends tax-free.
(Toronto Star, 2/9/03) - Many members of the Bush administration stand to benefit handsomely
from the new cuts: "Treasury Secretary John Snow tops the list with a
$275,000 windfall... Secretary of Defense Donald Rumsfeld could
pocket an extra $184,000. And not far behind is the $181,000 that
could go to Secretary of Commerce Don Evans," according to AFSCME.
(MoveOn.org)
Send a free FAX to your Senators to oppose tax cuts for the rich.
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